Iran oil sales

Japan to continue Iran oil purchase: envoy

Japan has been one of the eight countries that have been exempted from the US sanctions to be able to buy energy from Iran. Tokyo says it’s willing to import Iranian crude but needs an extension of its waiver.

Energy

Iran opens 3rd phase of Persian Gulf Star refinery to become self-sufficient gasoline producer

The Persian Gulf Star gas processing plant is the most modern and the largest project of its kind in Iran and the largest in the world that has been developed to not only help country stop importing gasoline but also turn into a potential exporter of this product.

Energy

Iranian crude to be put on stock sale for fifth time

Iran’s state oil company NIOC launched another round of oil sales on IRENEX although the third and fourth offers failed to find any potential buyers. So far, only one million barrels of oil have been sold through energy stock market.

Energy

South Korea restarts Iranian oil imports before waiver window shuts down

The world’s fifth-largest crude importer won a six-month waiver in November from U.S. sanctions on Tehran’s oil exports, but did not immediately start imports, mainly due to payment and insurance issues.

Energy

4th round of oil sales on internal exchange market: Iran issues statement in English

First and second rounds saw anonymous clients buy nearly a million barrels. But, there were no buyers for the third round that was held on 21 January.

Energy

Japanese Fuji Oil loads first cargo of Iranian oil since US sanctions

Japanese refiner Fuji Oil Co has lifted Iranian crude oil in the first cargo to head for Japan since the country received a waiver from U.S. sanctions on Tehran.

Energy

China proposes Iran $3 billion oil field investment under US waivers

Beijing takes advantage of U.S. sanctions waiver while EU companies balk at risk

Energy

Iran to offer another 1 million barrels of oil on domestic bourse

Tehran sought to keep its sales flowing by putting its crude on energy exchange for sale to bypass the renewed US sanctions that are targeting the country’s vital oil and banking sectors.

Energy

Private sector to bolster Iraq trade in 5-day visit

Dozens of Iranian businessmen will try to increase their investment in the neighbouring country by holding talks with Iraqi traders from all across the country. The visit comes after US Secretary of State Pompeo visited Iraq to help reduce Irans influence there.

Trade

Iran says oil money coming back from India, China, South Korea

Tehran has been able to establish financial channels with regional countries to pay its exports in their national currencies in a bid to unblock the flow of export money to the country.

Money and Capital Markets